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or not our political system, whether the leaders can get together, whether they can solve big problems or are they just going to kick the can? if you look at the statements of the rating agencies who have questioned the fiscal soundness of this country, it's about our political system, not being willing or able, seemingly, to take on big tasks. >> the president may be confident about a larger plan but senate minority leader mitch mcconnell, one of the key lawmakers involved in negotiations says he thinks a $4 trillion deal is off the table. >> everything they've told me and the speaker is that to get a big package would require big tax increases in the middle of the economic situation that's extraordinarily difficult with 9.2% unemployment. it's a terrible idea. it's a job-killer. >> after last night's white house meeting, house minority leader nancy pelosi said democrats are still hopeful for a large bipartisan agreement as long as it does not do harm to the middle class. and aides to john boehner says the speaker now believes the cuts outlined by vice president biden's bipartisan gro
-old husband, smacking the attacker in the head. big jab. we'll have more on the man behind the pie all later in the show. by the way, in about an hour from now, the uk prime minister david minister, he's expected to speak in front of parliament hoping to stop further damage to the government from this scandal. so to get some of the latest on the investigation and a preview of what will happen in today's speech, martin flesher joins us live from london. there is an emergency session of parliament today, this has brought david cameron back into the country to be able to speak before the people there. what do we expect to hear? >> that's right, today's highlight, every day brings some dramatic development. today the star there will be david cameron. he actually called for the emergency session. he cut short a trip to africa to try to take control of this. he'll face a grilling, though. the key questions will be very significant questions for him. why did he hire a former news of the world editor despite warnings, how much did he know about the phone hacking investigation, when did he know it, a
strike the big deal. again, president obama will be speaking the that this morning at about 11:00 eastern time. the man in charge of the country's finances, adding his voice to the debt debate yesterday, treasury secretary tim geithner stressed the urgency of reaching a compromise during a news conference on capitol hill. >> we looked at all available options and we have no way to give congress more time to solve this problem. we're running out of time. the eyes of the country are on us. the eyes of the world are on us. we need to make sure we stand together and send a definitive signal that we're going to take the steps necessary to avoid default and also take advantage of this opportunity to make some progress in dealing with our long-term fiscal problems. we don't have much time. it's time we move. >> secretary guider in's warning comes as a second agency now says the u.s. credit rating could take a hit due to the debt ceiling impasse. >>> let's get an early look at the markets as we get up in your business. cnbc's jeff cutmore is live in london. >> as you imagine, much of the market r
, i'm up, big. >> that's a great reference at 5:340. luke, i'm impressed. you must have been up and had your coffee. help us what's going on luke. you covered the hill every single day. people who watched this who aren't like us, kind of nerds following every moment of this get home from work and they say what happened exactly today, are we any further than we were. how can beget toward a deal by next tuesday? >> well, the big news that came out from yesterday was that john boehner was having a great difficult getting to 217 votes, the majority in his house on his plan to raise the debt ceiling. then he got bad news from the congressional budget office, which is a non-partisan budget office that scores these bills which says that his plan, which claimed to have saved over a trillion dollars in spending over the next ten years really only saved about $850 billion. so it didn't save nearly as much as he said it did and it actually back ended a lot of the savings. so in the first few years there was only about $5 billion worth of savings which is not acceptable to a lot of the tea
or not the italian banks have enough cash on their balance sheets. we've seen quite a big turn-around in the market. many stocks opening lower by as much as 5% to 10% and now trading in positive territory after the finance minister, the economy minister is heading back to rome from brussels and will be looking at the austerity measures and pushing them through. >> we know yesterday the dow down 151 points, the biggest drop in over a month. thanks so much for bringing us up to speed, we appreciate it. >>> else where, hundreds of syrian government protesters stormed the u.s. and french embassies in damascus, the protesters smashing windows and spray-painting walls with obscenities aimed at the american ambassador. guards at the french embassy fired into the air to ward off the demonstrators there. some warning shots. the violence and tension follow as visit by the american and french ambassadors to the city of hama, stronghold of opposition to the president. during a joint press conference at the state department, secretary of state hillary clinton warned assad about inciting future attacks. >> presi
that here. i believe that right now we've got a unique opportunity to do something big, to tackle our deficit in a way that forces our government to meet within its means, that puts our economy on a stronger footing for the future and still allows us to invest in that future. it's my hope that everybody's going to leave their ultimatums at the door, that we'll all leave our political rhetoric at the door, and that we're going to do what's best for our economy and do what's best for our people. >> less than an hour after the president's invitation, house speaker john boehner dismissed the proposed discussions saying a deal will not pass in the house if it includes tax increases. in a statement boehner said in part, i'm happy to discuss these issues at the white house, but such discussions will be fruitless until the president recognizes economic and legislative reality. house majority leader eric cantor seemed to leave a little wriggle room in regard to keeping tax loopholes on the table. he said, house republicans are not objecting to this loophole or that. we oppose raising taxes on
bullet proof reputation? >> he has weathered major scandals. this is certainly a big one, and certainly one that has him more back on his heeling than anyone i can remember. >> hacking the phones of celebrities and politicians was one thing, but harvesting the grieving voice mails of the relatives lost if battle or children lost to violence triggered an expulsion that could not be retained. >> that was nbc's mike taibbi reporting. there are reports that the former editor, andy coulson has arrived at a london police station where he's expected to be questioned and possibly arrested in connection with the scandal. coulson is is the former communication chief for david cameron, who just announced a full public inquiry into the allegations. shares of news corp., the owner of news of the world are under pressure in the wake of the phone hacking scandal. how is the stock doing now that the paper is set to fold? for more on that and a preview of today's big jobs report, let's bring in carolyn shoeber lye in london. >> interesting share price reaction we saw. initially they were down by 4% in a
the bigger the government, the smaller the people. and right now, we've got a government so big and so expensive it's sapping the drive out of our people. and keeping our economy from running at full capacity. the solution to this crisis is not complicated. if you're spending more money than you're taking in, you need to spend less of it. >> the speaker also accused president obama of standing in the way of a bipartisan agreement. reiterating his claim that the house plan is the best option to cut the deficit. >> before we even pass the bill in the house, the president said he would veto it. i want you to know i made a sincere effort to work with the president. to identify a path forward that would implement the principles of cut, cap and balance, in a manner that could secure bipartisan support and be signed into law. and i'll tell you, gave it my all. unfortunately, the president would not take yes for an answer. even when we thought we might be close to an agreement, the president's demands changed. >> and the speaker called the plan put forth wi majority leader, harry reid, quote f
. >>> the break down in the house could mean big losses on wall street and beyond. for more on today's trading session, a lot of people watching how all this affects markets, geoff cutmore is live for us in london. >> reporter: good morning. you know the markets would like to see some resolution on this, as well. the meant that the boehner deal seemed to be falling apart, we saw the u.s. futures go negative and that's where they remain at this point. the european market open also has been very lackluster. we're in negative territory and it ain't about the earnings. it's all about getting a settlement to the debt ceiling story. >> and a lot of this country's ceos of the biggest banks are starting to chime in. what are they saying? >> reporter: well, it's been a very tough period for the banks as you know. a lot of people still feel they have a big hand in the responsibility for the credit crisis. but so many years away from that, they are looking to gain from a pickup in the u.s. growth story. but if the debt ceiling issue doesn't get resolved, fears that it would hold back invest himself that
them home with an rbi double. ninth inning. big panda again. this time on defense. look at the play at third base. and the throw gets him by about 10 feet. that ends a padre rally. so we go to extra innings. bottom of the 14th inning here. nate schierholtz jacks one into the bag. his second home run of the night. the fans go home happy. after 14 innings, giants win, 6-5. >>> quick healing, albert pujols back in the cardinals lineup for the first time since going on the dl with a wrist injury. they give the reds an early 5-1 lee. this two-run shot. st. louis battles back. in the seventh inning, pew hoesz battles to left making it a one-run game. he was one for six in the game. bottom of ninth, the cardinals' jon jay drives deep to right center field and it makes its way up into the stands. st. louis rallies from an eight-run deficit to force extra innings. top of the 13th, bruce scores up a ground ruled double by pinch hitter ramon hernandez. it's 9-8, cincinnati. jay with one more chance to tie it up. aroldis chapman sit himself down. reds hang on to win it, 9-8. >>> gnat as at home
break. >> okay. >> then the heat is going to come back and it could come back big time next week. next week is looking like we could be sweating it out once again. >> more of those 115 heat indexes we saw today. >> yeah. >>> we begin with baseball's all-star game in phoenix. the winning league gets homefield advantage in the world series. in the bottom of the -- there's the tip of the cap from brian wilson of the giants. why not show that? second inning, toronto's jose a batista clearly sliding. risked life and limb. nice play. dave robertson likes it. the game was scoreless in the fourth when adrian gonzalez takes cliff lee deep to right center. a shot. first one of the game, a.l. up, 1-0. batista trying to score from second. watch the gun from hunter pence of the astros. just a dart. prince fielder, talk about his shot. that's a three-run home run about as deep as you can hit it there. one swing, the national league has the lead. jordan walden gets the runner here, castro at home. a nice bare hand play. gets him at the plate. the national league was ahead, 5-1, in the eighth inning.
into the gap. mark teixeira, robinson cano putting one up. bottom of the seventh, big play. two outs. cleveland's lonny chizen hall pops one. that should have ended the inning. they can't get to it. instead chins hall reached on the walk. it's a one-run game. same inning, still two outs. remember, the yanks should have been out of the inning. austin kearns blast add three-run home run. indians go on to win the game, 6-3. >>> royals and whoks, chicago's adam dunn has just one hit off lefty pitching this year. that was a second hit all year off lefties, white sox fans give him a standing ovatioovation. dunn gives them a tip of the cap. tied game, two outs. white sox. runners on second and third. no. no. a balk-off. home plate umpire calls a balk on pitcher aaron crow. a.j. pierzynski comes home for a winning run. remember we saw that. now the royals join the dubious list of teams that have lost on a walk-off balk. white sox win, 5-4. >>> it hasn't been the smoothest start for the washington nationals. le jayson werth, he's hitti hitting .224, getting booed by the home fans. two outs in the fourth
of this award. it is a big surprise but we should have known a couple of months ago you are pretty good at this covert ops stuff. >>> it has been one day since president obama's news conference where he blasted congressional republicans for failing to strike a deal on raising the debt ceiling. now republicans are hitting back. sticking point in negotiations was the democratic push for raising taxes on wealthy americans. republicans say this is not an option. slamming the president on capitol hill yesterday. >> congress is not going to approve hundreds of billions of dollars in tax hikes. it's simply not going to happen. the president does not seem to get it. >> not to be reckless, not to give demagogic speeches like the president gave yesterday. disgraceful. he should be ashamed. >> now he says it isn't worth his time to come down to talk to republicans. i remember when he talked to republicans before and all we got was a lecture, so maybe if he would take a valium, calm down and come talk to us t might be helpful. >> wow. rhetoric continues on the senate floor with kentucky senator ran
that the boehner problem is anything more than a big wet kiss to the right wing and i mean the tea party. that's who i mean. it's too bad his caucus is being run by such a small number of people. >> what about the president's plan? when i asked the president's plan, his aides point to a speech and a veto threat. with all due respect, congress can't vote on a speech. and a veto threat won't prevent default. >> we are urging the republicans now to step back, put their party caucuses aside, put their pledges to grover norquist aside, put their caucus pledges to one congress manor the other aside, and put this country first. >> it's unfair of the president of the united states to lead from behind. it's unfair of the president of the united states not to come forward with a specific plan that perhaps could be considered by both bodies, but only to go out and give lectures. >> we are not going to hold this country hostage to the tea party. that's where it's at. you know, those folks over there, about 80 of them and maybe even more of those republicans, they pledged to grover norquist. i want to pled
wants to spread today. it's a big decision. there's a lot of people here. you can imagine the frantic mood outside of the courthouse and inside this hallway. >> one of the details that jumped out over the last couple days to a lot of people was this number of 21 years. some people believe that he could get only 21 years for the death of at least 93 people if he is found dlt of that. but it's more nuanced than that. can you explain that, jay? >> it is. and 21 years is the sentence at this point. there's a new law, but there's an act that would make it longer, 30 years. what prosecutors hope to do in this case, is after that time is served, should he become guilty, if he poses a threat to society. if there's a danger in releasing him. they can convene in a panel. they can keep him detained three years. and reconvene every three years after. they can impose a life sentence here. but it will be done every three years or so to keep him behind bars. >> that's the good news. there would be a way. jay, how right now on this monday, is the city of oslo and the country of norway doing? this was
the treasury department we learned no longer has a stake in chrysler. a big loss for the u.s. government, though, how much did this eventually cost taxpayers? >> well, they tout it as a success. they say they have recovered 90% of the initial investment, which was $12.5 billion. keep in mind, the government may no longer be involved in chrysler, but it still holds a 32% stake in general motors. coming back to chrysler, the majority owner is now fiat, the italian carmaker. by the end of thisse eyear, the will own around 59%. the rest of course is owned by the united auto workers. have a great weekend. >> i appreciate it. thanks very much. >>> as the national unemployment rate rises to 9.2%, there is one area in california specifically that actually is predicting significant job growth. according to a new study released this week, silicon valley employers plan to expand their workforce by 15% over the next two years. nbc's tom brokaw has the latest from that region. >> reporter: silicon valley, the moth moth mother load of high tech has the biggest names to go public for astronomical price
zayed was the most tense meeting yet, with the big sparks coming from president obama and house majority leader eric cantor. there was a push for the short term increase to the debt limit. the president refused to agree to that. the president said, i have reached the point where i say enough. would ronald reagan be sitting here? i've reached my limit. this may bring my presidency down, but i will not yield on this. that a quote from the president as characterized by a republican aide. aides say cantor interrupted the president three different times during the meeting, and the president finally said, don't call my bluff. i'm going to the american people on this. speaking to reporters after the meeting, cantor said the president lost his temper and abruptly walked off. eric cantor accusing the president of storming out of the meeting. but democratic officials dispute cantor's account. this is a he said/she said of this meeting. the group will reconvene at the white house to discuss taxes. the obama administration is expected to present its plan for more revenue in order to meet the $2.4 tr
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on a penalty kick like this, the overseas, uae with a big lead late in the game, deciding to rub it in against their opponents from lebanon. you know what they do when somebody does this? the penalty takes, the player takes the kick with the back of his heel and scores. i wouldn't be walking home alone tonight sports fans, that guy's going to get beat. unbelievable. it's a good shot. the goalie is thinking, what the heck is he doing to me. coming up at the top of the hour on "morning joe," president obama laying down a veto threat on the only republican budget plan in the house. the question would be -- can he the american economy survive the american political system. we discuss that with joe, mika and our all-star panel. >>> and we'll huddle around this water cooler was cuffed, dragged to prison on her wedding day. couldn't the police at least have waited until the honeymoon? >>> book back live today on "way too early." when you we speak about the debt limit these days, it's a term that a lot of people outside washington may not have heard until recently. the concept is one that has roots in
picturesque morning for the last shuttle landing ever. obviously the heat is the big story, yesterday oppressive heat across the country, that has now arrived on the east coast. you will feel it this morning in the humidity levels that are much higher than yesterday. we have heat warnings in orange that spread from tulsa, chicago, pittsburgh, all of ohio and right up the busy i-95 corridor. this is the amount of moisture in the air, and that dew point is high. the heat index today going to be ridiculous. we had a chance for some near record highs. as advertised, two days in a row, it gets better by sunday. >> this is just impressive heat. it's not pleasant but it's impressive as you look at it from a distance. >>> time now for a little bit of sports and we begin with tiger woods firing his long-time caddie steve williams. this move ending a 12-year relationship where tiger won 72 times worldwide, 13 majors on his website lt gray said i want to express my deepest gratitude but i think it's time for a change. basically you can walk. woods did not say he would -- who he would replace wil
Search Results 0 to 19 of about 20